Samsung sees surge in demand for Galaxy Z Fold, Galaxy Z Flip as demand doubles

South Korean tech company Samsung has announced a surge in demand for Galaxy Z Fold and Galaxy Z Flip as the sale of the devices has more than doubled year on yearAccording to internal data the number of foldable smartphones the tech giant contracted to enterprise customers increased by 105 per cent from January to October 2022 as compared to the same period in 2021With foldable smartphone shipments expected to reach 16 million units worldwide an increase of 73 per cent year on year the form factor is rapidly becoming mainstream the company said in a statementIn 2023 shipments are expected to reach 26 million unitsSamsung Galaxy foldable smartphones were created to open up opportunities for new ways to work and explore creativity said KC Choi EVP and head of Global Mobile B2B Team MX Business at Samsung ElectronicsThis rapid growth in investment demonstrates our enterprise customers need for meaningful innovations to enhance workforce productivity Choi addedThe fourthgeneration folding smartphone from Samsung the Galaxy Z Fold4 is a multitasking powerhouse perfect for commercial use In contrast to standard smartphone screens it features a huge expansive screen that is pocketfriendly and makes it easier to complete tasksThe Galaxy Z Fold4s big screen provides a more spacious workspace that is ideal for utilising desktop PC functions The PClike Taskbar is the ideal tool for managing many projects and pairs of apps allowing users to manage start and switch between apps without pausing their workCompanies are turning to technology as they adopt policies that allow employees to work remotely to increase productivity The financial services sector where 74 per cent of a sample group of financial advisors say staying connected via mobile apps is important or critical has been particularly drawn to foldablesAccording to a recent survey the Bloomberg Professional app is the most used financial services app by investment professionals such as traders analysts and portfolio managers the company saidThe foldable phone allows users to effortlessly switch from the cover screen ideal for quick Instant Bloomberg IB conversations to the large screen which helps to easily read news stories monitor realtime market data browse portfolios or perform chart analysisDocuSign offers the worlds leading esignature solution and is used by 24 of the top 25 fortune 500 financial companies and has also been optimised for Android 12LIt allows users to easily drag and drop email attachments in multiview mode directly into DocuSign eSignature seal deals quickly on the go with Samsungs S Pen and the dedicated Flex Mode signature the company saidThe tech giant also worked with IBM International Business Machines Corporation in order to overcome the difficulties that financial professionals may encounter when assisting clients while working from anywhereAlso Read New feature set to enable users to schedule LinkedIn postsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever